Can You Play in Online Casinos in South Korea?
March 5, 2021
South Korea has a strict and rather archaic approach toward gambling, so much so that many are confused if gambling is legal in South Korea.
Online sports betting is a huge market, and to prove this is the number of sports betting sites launched in 2020 alone. One of them is Exbet.io, which officially began operation in late 2020. But instead of getting categorized with the rest of online sportsbooks, Exbet does stand out as it functions as a sports betting exchange–a peer-to-peer Bitcoin sports betting exchange to be exact.
Operating under the management and ownership of Flux Capa NV with a gaming license in Curacao, Exbet.io is dubbed as the ‘Betfair for Bitcoin’. And if you find yourself scratching your head with this info, then our full Exbet review will help you understand and get to know the brand better, as well as see if it’s the right one for you.
But before anything else, do take note that Exbet works across all devices, be they PC, Mac, tablet, or smartphone. It currently offers only contact form support but is available on Bitcointalk and Twitter. It is also yet to launch an affiliate program and is not available in all countries. If you’re in the US or any of its territories, then you’re restricted from signing up for an Exbet account and enjoying its services.
To create an account, simply provide a valid email address and a strong password, then verify your email to begin sports betting at Exbet. From your dashboard, you can then adjust the settings, make a deposit, enable two-factor authentication, and authorize KYC procedures to name a few. Check out our full Exbet review to know more how Exbet changes the landscape of sports betting.
At the time of writing this review, no Exbet bonus deals or promotions are available. But the betting exchange may launch promos soon on its website and on social accounts.
|Minimum Withdrawal||2 mBTC|
|Restrictions||Belarus, Burma, Congo, Côte d’Ivoire, Cuba, Curacao, France, Germany, Iran, Iraq, Lebanon, Liberia, Libya, Netherlands, North Korea, Somalia, Sudan, Syria, United States, United States Minor Outlying Islands, Zimbabwe|
The very first thing to keep in mind is that Exbet is a betting exchange. As such, you’re betting against fellow bettors instead of betting against the house, which is how traditional sportsbooks work. At Exbet, you can place back and lay bets. Back bets pertain to an event that will likely happen, while lay bets pertain to the less likelihood of an event to occur. Bettors can place their wagers on either bets and play against other bettors registered on the exchange. As for the sports you can bet on, you can choose from leagues, tournaments, and matches in soccer, American football, basketball, and cricket. You can also bet on politics using Bitcoin. Then of course, Exbet is not a Bitcoin casino, so no casino games available for players.
Cryptocurrency, specifically BTC, is the only accepted payment mode at Exbet. And with this set-up, Exbet takes the spotlight for becoming a betting exchange designed and created for Bitcoin sports bettors.
You can deposit any amount that you desire, but you have to remember that the maximum amount you can deposit is 2,500 USD in BTC. But you can still increase your deposit limit by following the KYC protocols. To deposit, simply transfer your BTC to the address posted on the website or scan the QR code.
When cashing out, expect to receive your funds transferred to your wallet without much trouble. You can withdraw as little as 2 mBTC and as much as 2,500 USD in BTC. And like with your deposit limit, you can increase your withdrawal by completing the KYC process. Just remember that each transaction comes with around 1.02 mBTC withdrawal fee.
If you want a new flavor of sports betting, then placing back bets and lay bets at Exbet is the way to go. Yes, it’s still new and it’s different, but these are the very reasons it’s attractive. The mere fact that you can bet against other bettors using BTC even on mobile is reason enough to experience what a Bitcoin betting exchange can offer in the competitive online sports betting market.
Have you played in this online casino? Share your own Exbet.io review below!
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